Technology

The vast majority of small merchants are still storing unencrypted card data and most don't even know it, according to statistics compiled by a security vendor.

Consumer credit card delinquency rates set record lows in the third quarter while consumer mortgage defaults rose to near-record highs, according to a report from the Federal Reserve.

Rich Rezek, director of global product management for Retail Decisions, talked with PaymentsSource about the complex world that data security has become in the ongoing conflict with organized crime and petty fraudsters.

Visa is launching a new data security system, called the Visa Consumer Authentication Service, for issuers to use for online transactions.

It’s time for the acquiring industry to think about security in broader terms, a compliance and breach reporting vendor says.

At the heart of many mobile wallets is a system for offering discounts, so these wallets seemed a natural fit for Black Friday shopping. Did they live up to their potential?

First Data and Fexco Merchant Services, an Irish-based transaction processor, have expanded First Data's GlobalChoice dynamic currency conversion into Canada.

The seasonally adjusted mortgage delinquency rate for the third quarter fell to 7.4 percent, erasing a jump from the previous quarter, according to the Mortgage Bankers Association.

Guitar Center added a new payments instrument at the point of sale, integrating PayPal via middleware provider AJB Software Design Inc.

This holiday season many retailers are introducing experimental payment technology — but will shoppers, stressed and desperate, find benefit in these experiences or stick to methods they know?